Is BT boss losing his bottle?
“This is a bold step by BT and we need others to be just as bold,” – BT chief Ian Livingston, announcing the company’s £1.5bn fibre broadband rollout in July.
“I have to tell you there are some shareholders who say ‘you know something, don’t do that, don’t do a whole lot of other things. That leaves you with a lot more cash and cash today is worth a lot more than cash in a few years’ time. I personally believe if it is the right thing to do as a 20-year decision it is the right thing to do. But we need to have the environment in which our shareholders feel there is a good chance of us making a return. If we cannot have that environment this is not the time to be taking on sure-fire losses.” – BT chief Ian Livingston quoted in The Guardian today.
Not looking quite so bold now, is he?